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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through GFS Wealth Management Advisors, Inc. (GFS). Insurance products and services are offered and sold through individually licensed and appointed agents in all appropriate jurisdictions. Agents are associated with Ganim Insurance Consultants, Inc. (GIC). Kestra IS is not affiliated with Ganim Financial, GFS or GIC. Ganim Financial, GFS, GIC, and Kestra IS do not offer tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax and legal counsel.
This site is published for residents of the United States only. Registered Representatives of Kestra Investment Services, LLC may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative listed. For additional information, please contact our Compliance department at 737-443-2582.
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Not Sure When to Start Planning for the Future? The Answer is Today.
As you and your family celebrate achievements and very special milestones, it’s important to reflect on how these big moments bring big changes. Wealth management is important at every stage of life, and when it comes to making a plan, sooner is much better than later.
It’s obvious that life gets in the way. Sometimes you can’t see the forest for the trees, and before you know it you’ve run out of planning time and the big event is here. Take planning for a child’s education as an example. According to the College Board, the average full-time undergraduate student at a Private Nonprofit Four-Year school living on-campus in 2016-17 required an annual budget of over $49,000, including tuition, books, room and board, transportation, and other expenses. Those numbers skyrocket when you consider that many Ivy League schools are currently charging $50,000 for tuition alone. At the current rate of inflation, even high-net-worth families are having difficulty paying for higher education. When you look at the bigger picture, it becomes clear that it’s never too early to start saving.
Maybe you or your child has just finished college and are excited to join the workforce. Right now, establishing your career may feel like the top priority, but it’s important to consider that employees of all ages feel unprepared for retirement. According to a 2016 study done by the Employee Benefits Research Institute (EBRI), 3 in 10 workers reported that preparing for retirement causes them to feel mentally or emotionally stressed. If you’re waiting to feel ready to start planning for retirement, that day might never come. Planning despite discomfort is necessary, which is why it’s crucial to have a professional team there to support you. As a parent, your child is your legacy, and as a child that may one day receive an inheritance, it’s important to get started on the right foot.